AMA TRANSCRIPT : Spykefast x SolPixel

5 min readJun 15, 2021

Date : 11th June 2021

Host : HunterX & GemFlair

Guest: SolPixel TEAM (Naree Kim — CEO, Daniel Kim — Cheif of BD)

Hello! Spykefastians & Blockchain Enthusiastic!

We recently hosted an AMA with SolPixel, on 11 June at 3 PM UTC. So here we are up with the AMA transcript, for those who missed the live session, this post will be a saver & a feeder of knowledge for them.

INTRODUCTORY QUESTIONS — BY SPYKEFAST TEAM.

HunterX | Spykefast (Twitter ID — @realsch1) — Q1. Kindly give brief introduction about yourself, Crypto experience and your role at #Solpixel Project?

Naree Kim — I am Naree, CEO of the SolPixel project. Formerly, I have been a CEO of content creation and management agency for the past four years. I have been a Bitcoin enthusiast since 2018.

HunterX | Spykefast (Twitter ID — @realsch1) — Great to have you here @naree_solpixel 👍👍

Naree Kim — Appreciate it 🥰

Daniel Kim — When it comes to me, I have worked in several blockchain agencies in last 5 years and have closely worked with some good projects as marketer. Now, working as chief of BD for Solpixel

HunterX | Spykefast (Twitter ID — @realsch1) — Welcome Daniel. Excited to see what we build at Solpixel. 🙏🙏

HunterX | Spykefast (Twitter ID — @realsch1) — Q2. Let’s talk in detail about #Solpixel project What are the main features of the project?

Naree Kim — SolPixel is a full suite NFT platform being built on the Solana blockchain. In the first phase of the development, we are set to provide four core features: NFT based DeFi, crosschain implementation, one click NFT minting, and crosschain NFT wallet.

HunterX | Spykefast (Twitter ID — @realsch1) —

Surely Solpixel would be one to watch out for. 👀🌟

Especially this being an ultra low cap project, seems unmissable.

HunterX | Spykefast (Twitter ID — @realsch1) — Q3. What are the major utilities of holding the #Solpixel native token? How does team plan to enhance it value so as to attract users onboard?

Naree Kim — SolPixel will one of the most competitive sales fees at 1.25%. Half of the fees will be used to consistently buy back and burn PIXEL tokens. Holders will enjoy the consistent burning of the tokens as well as governance rights and staking benefits.

HunterX | Spykefast (Twitter ID — @realsch1) — Q4. How is #Solpixel project different from other competitors?

Naree Kim — Most prominent NFT platforms are based on Ethereum chain. SolPixel’s core difference is utilizing Solana to provide low transaction fees while reducing the barriers of entries for the users. Other differences are DeFi implementation and several other features to showcase in the phase two of the development.

HunterX | Spykefast (Twitter ID — @realsch1) — SolPixel offering quite a lot against well established competitors 🙌

HunterX | Spykefast (Twitter ID — @realsch1) — Q5. What major events can we expect in the 2021 #Solpixel Development Roadmap? Also.. About the private/public sale? Any details to share?

Naree Kim — Our product’s beta will be live in four to six weeks. DeFi and crosschain implementation will follow in the third quarter of 2021.

Private sale is ongoing at the moment. Details about public sale will be disclosed later.

HunterX | Spykefast (Twitter ID — @realsch1) — Fantastic…all the best for the sales.

LIVE AMA QUESTIONS.

LFC Boy —According to your roadmap, for Q2, it said NFT-based loan launch. Can you tell us about it? Does it mean we can use SolPixel NFTs as collateral for lending/borrowing of funds or to earn yields?
- How easy is it, to create or mint NFTs on SolPixel platform? Do we need any special coding skills?

Daniel Kim — Yes, that’s right, it can be used as collateral, or you can be the liquidity provider. We are considering it to be one step process. All one user can use the platform to create one click NFT. No need of any special skills. Any artists can just get onboarded in a minute

Alex Lenderp — Why did you choose Solana?
Given that people will have to use a separate wallet, don’t you see this as an additional obstacle compared to networks that Metamask is suitable for?

Daniel Kim — No, Solana has great scalability. The Solana Ecosystem is also rapidly growing, the help from the ecoSerum is also very much appreciated.

When it comes to user side, the transaction cost and also the speed is what will help us to beat the platforms on Ethereum

L — It is good to identify to the fact that one of SolPixel’s major attraction point is that it creates an environment where big and small businesses or enterprises can build their own branding for selling, issuing and trading their own nft. Can you please give us the requirements they must possess to qualify for this?

Daniel Kim — It is good to identify to the fact that one of SolPixel’s major attraction point is that it creates an environment where big and small businesses or enterprises can build their own branding for selling, issuing and trading their own nft. Can you please give us the requirements they must possess to qualify for this?

Na Na — While looking at your tokenomics I saw that 26% of it is designated to “Mining and staking”, but when I tried to read more about this, I couldn’t find more information related to it, so, can you tell us more about it? What is the main function of this Mining and staking and how will it benefit not only SolPixel but users as well? Also, why is this amount destined to it?

Daniel Kim — So, we plan to release a feature to Use your NFT assets as collateral for a loan or offer loans to other
users of the platform. During this, the yield can be earned through our native token. Plus, at a later stage we will also have few exclusive campaigns to mints rare NFTs by staking the tokens which are bought on market